eBay to announce plans for StubHub before end of January

eBay has announced plans to announce plans for what it plans to do
with StubHub early next year. So, good news for fans of announcements
and plans.

The company has been pondering selling its secondary ticketing
business for much of this year. As part of the release of its Q3
results, eBay said that it would tell investors what decision it has
made regarding the possible sell-off of StubHub, as well as its
Classifieds business, before its Q4 results are published in January.

Speaking to investors last week, eBay’s interim CEO Scott Schenkel said: “We think [StubHub is] a wonderful asset that will continue to grow and has tons of opportunities, as a standalone [business] or as a part of our portfolio, and we will update you within
the next three to four months as to the plans”.

It was in January this year that a number of eBay investors
penned a letter to the company offering options to boost the company’s
“floundering” stock price. This included offloading StubHub and
Classifieds in order to focus on the core online auctions business. In
March, eBay then announced a strategic review of its current assets, and
in July it was reported that a number of potential buyers for StubHub had come forward.